3 billion in funding is just the beginning? Anthropic's valuation could surpass $2 trillion by 2030.

Author: Bright Company

According to Newcomer’s Substack account, Coatue Management, a well-known investment firm, predicted in a January internal investor presentation that Anthropic’s valuation will skyrocket to $1.995 trillion by 2030.

According to the Coatue PPT released by Newcomer, Anthropic is expected to generate $18 billion in revenue in 2026, but EBITDA remains negative at $14 billion. By the end of the year, ARR is projected to reach $30 billion.

By 2031, the company’s revenue is expected to jump to $200 billion, EBITDA profit to $48 billion, and ARR further rise to $224 billion.

On this basis, Coatue applies a 41x forward EBITDA multiple to derive a $1.995 trillion valuation for 2030, and suggests that the figure could rise further to $2.413 trillion in 2031.

In February this year, Anthropic just completed a new round of fundraising. Coatue co-led Anthropic’s $3.0 billion Series G round together with Singapore’s sovereign wealth fund GIC, with a post-money valuation of $380 billion. The round’s deal size ranked among the top in AI history. Participants also included top-tier institutions such as D.E. Shaw Ventures and Founders Fund. At the time, Philippe Laffont, founder of Coatue, said the company was confident about Anthropic’s strategy and rollout in enterprise AI and agent coding.

However, Anthropic’s actual growth rate has partially outpaced Coatue’s optimistic expectations. In early March, the company’s ARR was already approaching $20 billion—doubling from $9 billion at the end of 2025. The month-over-month increase was especially pronounced in February. During a Morgan Stanley conference, Anthropic CEO Dario Amodei confirmed that products such as Claude Code have contributed strongly, with enterprise customers accounting for as much as 80%, while a consumption-based billing model further amplifies revenue elasticity.

As a major competitor to OpenAI, Anthropic is known for its AI philosophy of “safe and reliable,” and its Claude series models are rapidly penetrating coding and enterprise applications. Since 2025, Claude Code’s weekly active users have doubled, and the share of code generated on GitHub by it has increased significantly. The company achieved a jump from zero to the $10 billion-plus revenue level in less than three years, with a growth rate far outpacing that of early cloud computing giants. The generative AI market is in a breakout phase; growth expectations at the trillion-dollar scale are driven jointly by data center and computing power demand and enterprise digital transformation.